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Category: Business Updates

Business Updates

OMCs hike procurement price of C-heavy molasses-based ethanol to boost output for petrol blending programme

June 2, 2023By businessreputationdata

With this decision, the government and the OMCs hope to make production of ethanol from C-heavy molasses — a sugar processing byproduct with very low sugar content — an attractive proposition for sugar mills, and discourage the use of the high-sugar feedstocks

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Business Updates

India’s AI programme to be kinetic enabler to achieve $1 trillion digital economy: Rajeev Chandrasekhar

May 31, 2023By businessreputationdata

Minister of Electronics and IT Rajeev Chandrasekhar said that the draft National Strategy on Robotics will be part of the multi-year India AI programme.

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Business Updates

LIC profit falls 49% in second quarter

May 31, 2023By businessreputationdata

The insurer’s net premium income declined to 18.70 per cent to Rs 1,07,396 crore for the quarter ended September against Rs 1,32,104 crore a year ago.

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Business Updates

Sensex climbs 489 pts, Nifty advances to 19,133; all sectors in green

May 30, 2023By businessreputationdata

In the 30-share Sensex pack, only Bajaj Finance and Tech Mahindra closed on a negative note.

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Business Updates

GSTN launches geocoding in all states and UTs

May 30, 2023By businessreputationdata

ZTE-linked firm project related to data records is legacy issue: Officials

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Business Updates

TVS Motor announces partnership with Zomato, to deploy over 10,000 electric scooters over 2 years

May 30, 2023By businessreputationdata

“As part of this strategic partnership, TVS Motor will deploy over 10,000 TVS electric scooters over a course of two years, powered by its advanced electric powertrain and superior battery technology,” the automobile major said.

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Business Updates

Rupee rebounds 17 paise to 83.17 against US dollar

May 29, 2023By businessreputationdata

The rupee had lost 18 paise in the previous two sessions.

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Business Updates

India’s merchandise exports drop to 9-month low of $32.25 bn in July

May 28, 2023By businessreputationdata

This led to a narrowing of the trade deficit to $20.67 billion against $25.43 billion in July 2022.

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Business Updates

Reliance Retail in talks for new investments worth $1.5 billion with Gulf, Singapore funds: Report

May 28, 2023By businessreputationdata

Reliance Retail is in talks with existing investors including the sovereign wealth funds of Singapore, Abu Dhabi and Saudi Arabia for combined new investments of around $1.5 billion, Reuters reported.

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Business Updates

NLC India wins contract for power supply to Rajasthan at Rs 2.64 per unit

May 28, 2023By businessreputationdata

State-owned firm NLC India Ltd (NLCIL) on Monday said it has emerged as the successful bidder for supply of power to Rajasthan at a tariff of Rs 2.64 per unit.

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